Summary - High Street, Bangor, Gwynedd, LL57 LL57 1NP
1 bed 1 bath Land
**Standout Features:**
- Centrally located residential development site just off Upper High Street
- Historical planning consent granted for 11 flats
- Material development confirmed, providing a solid investment opportunity
- Freehold tenure offering long-term ownership
- Attractive price point of £135,000
**Property Overview:**
Discover an exceptional investment opportunity in a vibrant, student-friendly area. This centrally situated plot boasts historical planning consent for the erection of 11 flats, making it ideal for developers seeking to capitalize on the high demand for living spaces in this cosmopolitan neighborhood. With material development already commenced, the groundwork for your future project is ready to be laid.
The consent, granted in July 2010, comes with specific stipulations: 5 of the apartments must be occupied by local residents, and a sewer relocation is required, which should be kept in mind when budgeting. The total plot size is compact, nestled in a bustling area with excellent mobile and broadband connectivity—perfect for a young, tech-savvy tenant base.
While the property does present some maintenance concerns due to an overgrown garden and current dereliction, these elements also hint at a huge renovation potential for those willing to undertake improvements. With numerous amenities nearby including transport options, retail shops, and dining establishments, this location is ideal for capturing the interest of both investors and first-time buyers looking to create a unique living space.
Homes such as this are rare to find at this price point, so seize this opportunity to turn a vision into reality in a desirable location. Don’t miss out on the chance to unlock its full potential!
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